What could a potential Eury Pérez extension look like?

[Sean McCormack]

The biggest positive development for the Marlins during the early portion of the 2026 season has been Sandy Alcantara looking like the best pitcher on the planet. A berth in the MLB postseason is a lot more viable if Alcantara continues to put the team on his back every fifth day. However, the future of Miami's starting rotation is in flux. The club only has its former Cy Young Award winner under contract through 2027, and extending him again probably won't be in the Marlins' budget if this dominance sustains.

Fortunately, the Marlins have a young stud with comparable upside in right-hander Eury Pérez. Still a week shy of his 23rd birthday, the former top prospect hasn't yet performed like an ace—in fact, since returning from Tommy John surgery last June, his production is approximately league average (97 ERA+). On the other hand, that may make him receptive to a long-term deal at a reasonable price.

Pérez is on track to become arbitration-eligible for the first time next winter and enter free agency after the 2029 season. For the Marlins to extend their next contention window beyond that, signing Pérez to a deal that covers more of his prime years is imperative. 

It is rare for teams to make long-term commitments to players in this demographic. A couple pre-arb pitchers who have received extensions recently are Hunter Greene (Cincinnati Reds) and Spencer Strider (Atlanta Braves). 

Greene signed his deal on April 18, 2023. The Reds guaranteed $53M for his entire 20s, buying out his arbitration years and potentially two years of free agency if the 2029 club option is exercised.

Strider owns the record for largest payday for a pre-arb pitcher. Coming off an electrifying rookie season in 2022, his six-year deal was worth $75M. The structure of Strider's extension was more backloaded than Greene's. 

In Pérez's case, I would attempt to buy out an additional free agent year. As seen below, this deal would run through 2032, with that row highlighted in light blue representing a club option. He would edge out Strider by receiving $76.5M guaranteed, with a maximum value of $102.5M if the Marlins pick up his option. This would be the longest pitching contract in franchise history and the first player extension of any kind since Peter Bendix took over as president of baseball operations.

Season	Age	Base Salary
2026—Pre-Arb	23	$2.0M
2027—Arb1	24	$5.0M
2028—Arb2	25	$10.5M
2029—Arb3	26	$15.0M
2030—FA	27	$22.0M
2031—FA	28	$22.0M
2032—FA	29	$26.0M
Total		$102.5M

Eury Pérez considers Sandy Alcantara to be a friend and a mentor. Ideally, they'll co-lead the Marlins rotation for years to come. If the resources aren't there to keep both, extending Pérez should be the priority.

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[Jose Herrera]

I would extend Sandy before Eury. Extend Sandy so he will have a chance to be our pitching franchise leader. After this season we will have a better idea of where Eury is going.